US Manufacturing Growth Slows, Misses Forecast: ISM

Monday, 1 Apr 2013 | 10:01 AM ETReuters

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The pace of expansion in the U.S. manufacturing sector unexpectedly slowed in March, according to an industry report released on Monday.

The Institute for Supply Management (ISM) said its index of national factory activity fell to 51.3 from 54.2 the month before. The reading was shy of expectations of 54.2 according to a Reuters poll of economists.